This latest version allows you to purchase any home in Maryland that meets MMP guidelines.
You must have at least $1,000 in student loan debt. maryland smart buy program
To participate, you generally must meet the Maryland Mortgage Program (MMP) requirements: This latest version allows you to purchase any
The program requires that your full remaining student debt balance be paid off at closing. If your debt exceeds the program's cap, you must pay the difference out-of-pocket. Key Qualifications If your debt exceeds the program's cap, you
Typically requires a minimum credit score of 640 to 720 , depending on the specific loan product.
The program is a unique initiative designed to help homebuyers eliminate student debt while purchasing a home. Unlike typical assistance programs that only focus on down payments, SmartBuy directly pays off your outstanding student loans as part of the home-buying process. How the Program Works